They have the income to substantiate a slightly higher mortgage, and with interest rates so low, that goes a long way these days.........what they may not have is the extra cash on hand to put in a new kitchen or bathroom.
They also may not have the time it takes to oversee updates, as both may be working.
I'm finding most people are looking for move-in ready. They have choices and are taking advantage of that. Those looking for fixers want to steal them. The price must be really right for buyers to get serious about doing much more than cosmetic and personal touches.
I was out on Saturday with two different buyers and both were leaning towards smaller and nicer. They are both intrigued by the idea of sweat equity, but the reality is that both are working 50 hours a week. Do they want to spend their precious time off working on the home or working on their relationship? The issue is quality of life. They all agree they will do the work, but it will have to be an amazing deal. Best
What buyers need to concentrate on is what qualities the base home has to offer. Items like paint, or carpet are individual taste changes. Tilt in windows can be added later as time and money permit. Look at the neighborhood, the backyard, your surroundings and then determine if the home is right for you. Compare apples to apples. Don't compare a $200,000 home to a $140,000 home, that just isn't how it works.
Expectations are high and I blame the media for that mindset.